Universal Bioenergy's NDR Energy Group Awarded Natural Gas Supply Contract
With Major Gas Utility
IRVINE, Calif., Feb. 13, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc.,
(OTCMarkets:UBRG), a publicly traded independent diversified energy company,
announced today that NDR Energy Group, its subsidiary, was awarded a contract
to supplynatural gastoone of the largest natural gas distribution utilities
in the country. Under the terms of the contract, NDR Energy Group is to
supply the customer with an estimated 20,000 mcf per day, or a total of 560
million cubic feet of natural gas for the month of February. The contract is
projected to generatemillions of dollars in additional revenue.
The gas distribution company supplies and delivers natural gas to over 20
million customers on the west coast. Its parent company, a Fortune 500
company, traded on the New York Stock Exchange, reported revenues of $9.0
billion, including$4.3 billion from natural gas sales and transportation in
2010, in its annual report.
Vince M. Guest, Universal's President states, "The award of this new contract
to supply natural gas to one of the largest utilities in the country is great
progress for the Company. This is a tribute to the hard work and aggressive
marketing efforts of NDR Energy Group to continue to build strong
relationships in the energy industry. Work is ongoing to secure additional
contract awards with our current and new customers for sales of gas for term
transactions, power generation, spot market and daily sales of natural gas. We
are working to obtain additional contract awards with several other major
electric and gas utilities to increase our revenues and profits."
The contract limits NDR Energy from disclosing the customer's name and certain
details of the transaction.
AboutUniversal Bioenergy Inc.
Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent
diversified energy company that produces and markets natural gas, petroleum,
coal andpropane. We market energy resources to the largest public utilities,
electric power producers and local gas distribution companies in the U.S.,
that serve millions of commercial, industrial and residential customers. We
are also engaged in the acquisition and development of existing or recently
discovered oil and gas fields, leases and surface coal mines. For more
information visit www.universalbioenergy.com
The Universal Bioenergy Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6784
Safe Harbor Statement - There are matters discussed in this media information
that are forward looking statements within the meaning of Rule 175 under the
Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of
1934, and are subject to the safe harbor created by those rules. Such
statements are only forecasts and actual events or results may differ
materially from those discussed. For a discussion of important factors which
could cause actual results to differ from the forward looking statements,
refer to Universal Bioenergy Inc.'s most recent annual report and accounts and
other SEC filings. The company undertakes no obligation to update publicly, or
revise, forward lookingstatements, whether as a result of new information,
future events or otherwise, except to the extent legally required.
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